As with all transformative technologies, IoT has been the source of an inordinate amount of hype but has also been a catalyst for the digital industrial revolution. General Electric’s chief economist Marco Annunziato estimated that Industrial and Enterprise focused IoT could add between 10 and 15 trillion dollars to global GDP. These gains come through small, incremental improvements in the world’s industrial assets.
Accurate temperature monitoring is necessary to ensure the safety and efficacy of all medications and vaccines. That should be a given in the pharmacy industry. But the truth is, for many pharmacy chains and independents, temperature monitoring is merely guesswork. Too frequently staff responsible for temperature monitoring don’t understand the “why” of recording temperatures.
In our blog post about refrigerator temperature monitoring, we discussed the driving factors behind food waste within the restaurant industry, and we debunked the misconception that restaurants are exposed to liability risk if they donate their leftover food.
If you’re still using a paper temperature log, then there is a very high probability of undiscovered thermal excursions in your fridges and freezers. Accompanying these unseen excursions is a high likelihood of you administering ineffective vaccines and medications.
Food waste is a pressing issue. Americans dispose of 160 billion pounds of food per year. That’s 40% of all food available, or 730 football stadiums full of discarded but safe food that is still edible. Many restaurants contribute to this waste when they dispose of unsold food at the end of the day.
In the first two posts of this series, we discussed the challenges associated with physical buffer vials and SmartSense’s solution - the Virtual Buffer Vial (VBV), a patented modeling approach that simulates actual product temperature and eliminates the need for physical buffers.
